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Currency Wars: China Now Has Unprecedented Control Over the U.S. Dollar

China fired a shot heard 'round the world Aug. 11, stoking fears of what could become the ugliest of all currency wars. In a surprise move, the country massively devalued the yuan 2% - its biggest one-day devaluation in 20 years. China's yuan devaluation will have more than just that immediate impact - it gives the country unprecedented, long-term control over the U.S. dollar. Here's how China has managed to place the U.S. dollar on puppet strings... Tags: China , china currency devaluation , china currency war , china yuan , Chinese currency devaluation , Chinese Yuan , Currency War , currency war 2015 , currency war against the dollar , currency war china , currency wars , currency wars 2015 , devaluing yuan , Dollar , dollar collapse , economic collapse , Federal Reserve , reserve currencies , reserve currency , U.S. Dollar , U.S. Dollar collapse , U.S. economic collapse , U.S. monetary policy , Yuan To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Currency Wars: China Now Has Unprecedented Control Over the U.S. Dollar appeared first on Money Morning - We Make Investing Profitable .
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